PAI Partners and ADIA Acquire Majority Stake in Alvest

January 31, 2025

PAI Partners, together with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), has acquired a majority stake in Alvest, the global leader in airport Ground Support Equipment (GSE). Ardian retains a minority stake alongside the company's founders and management; the investment will support Alvest's expansion, accelerate the transition to electric GSE and grow its product and service offering worldwide.

Buyers
PAI Partners, Abu Dhabi Investment Authority (ADIA)
Targets
Alvest
Sellers
CDPQ, Sagard
Location
France
Transaction Type
Buyout

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